Pages

Friday, 18 March 2016

FANTASTIC FRIDAY! NIFTY SETTLES ABOVE 7600

FOR FREE TRIAL CALLS FILL UP THE FORM GIVEN TO YOUR
RIGHT SIDE>>>>>>>>>>>>

The bulls have reason to Thank God It’s Friday. The
Indian equity market shut near day’s high today with the Nifty settling above
the 7600 mark for the first time since 6 January 2016 while BSE Sensex was just
shy off the 25000 mark buying in the last half an hour of trade in information
technology, telecom, auto, metals and banking stocks along with firm global
cues supported benchmark indices in Friday’s Trade. As a result, the BSE
Sensex. The NSE Nifty closed with a gain of 92 points at 7604. The NSE Nifty
opened at 7543 hitting a high of 7584 and low of 7515. TCS was among the top Nifty gainers. The stock rose 3 per
cent to close at Rs.
2426 a day after executives from the country's biggest outsourcer met analysts
to discuss strategy.Market
has remained buoyant since the Budget on widespread expectations that RBI would
reciprocate the government’s commitment to fiscal prudence with a rate cut
sooner than later after a survey showed that services sector activity fell to a
three-month low amid muted growth in new ordersThe Indian rupee opened 13
paise higher at 66.62/$ on Friday as against the previous close of 67.75/$. On
Thursday, Indian rupee extended the upside against the greenback, helped by
foreign capital inflows and ensuing firm tone in equity markets. The India VIX
(Volatility) index was down 2.71% to 16.3825. In broader market with the
benchmark indices with the BSE midcap and small cap indices closed higher Vedanta, Hindalco, ACC, GAIL India, Bosch, Infosys, Adani
Ports, State Bank of India, HDFC, BHEL, Wipro, Tata Steel and Punjab National
Bank were also among the gainers, up 2-5 % each. Shares of LT Foods surged over
16 per cent today as Hindustan Unilever (HUL) has signed an agreement with the
company for sale of its rice export business for a consideration of Rs. 25
crore.